Blackburn v. Witter

Respondent is the widow of a dairy farmer who died in 1954. That same year she was introduced to a Mr. Long, an employee of Walston and Company. Respondent was without business experience, and she had no family to advise her. She selected Long as her investment advisor. He called upon her approximately once a month, and suggested stocks to buy and when to buy them, and told her which stocks to sell and when to sell. Long ceased working for Walston and Company February 28, 1957. He became a representative of Dean Witter and Company March 4, 1957, and continued to act as financial counselor for…